Western Australian Wool Traders Lower Prices Due to Diminishing Demand in China

With large Chinese top-makers struggling to move wool domestically in that country, the resulting downward pressure on prices here in Australia has meant a slow market. In fact, Senior Wool Buyer/Trader in WA for Queensland Cotton Steve Noa says demand for wool from China is so sluggish, the market is as difficult as he has seen it…Full Article: ABC Rural Mar 2014

Key point

According to the Senior Wool Trader, China has been purchasing wool in good quantities for the past 3-4 years, but orders have slowed recently.

ChinaAg Comment

In 2011, China’s northern Inner Mongolia region had 35.6 million sheep (26% of China’s total supply) and produced 872,300 MTs of mutton (22% of China’s output). The region also produced the most fine wool, semi-wool, goat wool and cashmere.